Bed Bath & Beyond, once a dominant home goods retailer, filed for bankruptcy in 2023 after years of declining sales and mounting debt.

Beyond, Inc. (NYSE:BYON) has issued the following statement from Marcus Lemonis, Executive Chairman of Bed Bath & Beyond:

Bed Bath & Beyond is poised for a comeback, but don’t expect any new stores in California, the company announced Wednesday. Executive Chairman Marcus Lemonis said the decision isn’t political — it’s a response to the state’s unfriendly business environment.